Calif. steelmakers weigh benefits of cap-and-trade program
Dec 31, 2012 | 03:02 PM
| Frank Haflich
Tags
environment,
cap and trade,
California,
CSI,
UPI,
Frank Haflich
LOS ANGELES — California’s two flat-rolled steel producers have joined the state’s campaign to reduce emissions as California enters its own greenhouse gas cap-and-trade era.
The California Environmental Protection Agency’s Air Resources Board (ARB) has scheduled its next quarterly auction for greenhouse gas emissions for Feb. 19, with an auction reserve price of $10.71 per tonne. The first state auction, held in November, resulted in an average price of $10.09 per tonne, slightly more than the $10-per-tonne minimum set by the ARB, which administers the cap-and-trade program (amm.com, Nov. 26).
Companies whose annual carbon dioxide emissions exceed 25,000 tonnes qualify for the mandatory reporting requirements under the state’s cap-and-trade regulations. While most of these are in the utility or energy industries, the state’s two flat-rolled steel producers also qualify.....
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